24 Institute of International Finance, said, G20 should set up a task force, responsible for developing cross-border bank insolvency regime, in order to prevent the risk of bank failures spread.
WASHINGTON May 24 report, the international financial associations (Institute of International Finance, hereinafter referred to as IIF) 24 said today the Group of 20 (G20) should establish a special working .
Group to study the cross-border banking insolvency of international processing mechanism to avoid the consequences of spread to other markets bankruptcy, ensure that taxpayers need not pay for the rescue banks.
As a representative of the interests of global financial institutions, IIF 24 released two reports, one of which called for the regulator can not simply suppress the large banks, .
Another report proposes to improve the mechanism for handling bank failures, in order to prevent the proliferation of bank risk .
Bankers pointed out that a large banking group to provide enterprises with cost-effective banking services, and through access to capital markets around the world to help the global economy, in these respects, the bank is crucial. The U.S. Senate .
24 Institute Of International
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